The person who is caretaker of the house has responsibility of all the family members to fulfill as like that now LIC is working on that way since past 65 years. As all the people think about their family my friend’s father had. He is not anymore now but his family is in very good condition after the death of the head of the family. All responsibilities came to his son.
I saw many of the the insurance companies that does not provide money to the policy holder’s nominee after 6month also or sometimes they pay nothing .but as I seen LIC has issued the cheque of Rs20 lacs after 15 days of submitting the required documents. We should first check the case settlement report of every insurance company before taking any policy of that company. Lic is the only life insurance company of government of india. It means government of India is responsible for all the problems in any case. So I was checked the reports of lic it was true that it has the highest number of case resolved to pay the money within 15 days. If you want to buy any life policy then lic will be your best company to buy it .